The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-05-19
CONDITION OF THE MARKETS
Wheat Opens Trife Higher, but De-
cline subsequently Takes Place.
Corn Opens Weak and Closes Lower Pro-
visions Start at Slightly Lower Figures,
but Recover Somewhat During the Day.
MONEY. BONDS AND STOCKS.

Increased Activity, Accompanied by Higher
Prices for Everything the List.
NEW YORK. May 1s--Money call was
Easy at 405 per cent, closing offered at per
cent
Prime mercantile paper. 5053 per cent
Sterling exchange was dull and unchanged.
The total sales of stocks to-day were 467,6o0
shares, including the following: Canada
Southern, $40: Delaware, Lackawanna &c
Western, 5000; Erie, $3.50; Fort Worth
e. Denver, 1900; Kansas g. Texas, 9,37s;
Lake Shore. IL, 209: Louisville g. Nashville. TO-,
200: Missouri Pacific. 40,270; Northwestern,
9,595; New Jersey Central. 5000. New York
Central. 3,47S; Northern Pacific, II. 460; Oregon
Transcontinental s.s25; Pacific Mail, $500;
Peoria, Decatur & Evansville, 5000; Reading,
30 500; St. Paul. 27Os5; Texas Pacific, 1886;
Union Pacific, 43. 603; Wabash, 134lO Wabash
Pacific. 3025
There was another burst of activity in the
stock market to-day, and under the lead of New
England and Missouri Pacific material advances
were established over the entire list. There
were extensive efforts the part of the "bears'
10 cover the shorts. The Gould shares
prominent and the general belief is that Mr.
Gould has taken hold of his specialties for
rise The foreign buying was somewhat anger
but was not important Union Pacific was con-
Bpicuous and the grangers. with the exception
Of ST. Paul, occupied a subordinate position in
the market. There was squirt in Pacific Mail
late in the day, upon the closing OF the books
FOR the election. There was little special feat
IRE among the remainder Of the list. though all
shared IN the general improvement. New
England was extremely active after ~ o'clock.
and the belief is that the movement is effort
TO squeeze the late directors party. who have
ODenly fhn he
was irregular but generally firm, though the
for slight fractions only. The market
strong from the opening. however, with Mis-
souri, Pacific and Union Pacific most prominent
in the weakness at first but later they recovered
their tone After the first hour tho market queted
down and prices remained stationary until after
noon. After that time more animation
shown, and a decidedly strong tone developed
throughout the list, while New England and Mis-
sour Pacific. with few OF the specialties made
until the close. which was active and strong at
the best prices of The day. Sales. 467 600 shares;
New ENGLAND. S., l25: Union Pacific, AZ COB;
Missouri Pacific. 40. 27O; Reading. SO 500; Texas
Pacific. 1885, and St. Paul, 27.085. Almost
everything is higher this evening New England
is up 81. Missouri Pacific. 24; Texas Pacific, Ii
Union Pacific Ill; Northern Pacific, IT, Jersey
Central and Pacific Mail. per cent each.
Railroad bonds quieter and displayed
was irregular. Sales. &2. 473. 900; Fort Worth q
Denver frsts contributed $267 900, and Atlantic
e. Pacific incomes, $3.50 000
Government bonds dull but firm.
State bonds dull and steady. Closing
quotations were: